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Financial Strength


A' (A Prime) Unsurpassed Rating for Financial Stability

Conventus has grown into a proven leader in the New Jersey medical professional liability marketplace, rated A' (A Prime), Unsurpassed by Demotech, Inc., a national insurance company rating firm whose Financial Stability Ratings® (FSRs) are a leading indicator of the financial stability and future solvency of a company.

This level of FSR is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.

FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace, including Fannie Mae, Freddie Mac and HUD.

Demotech 2011 Announcement
Demotech 2010 Announcement
Demotech Company Profile: Conventus NJ

 

What Physicians Say

ABOUT Conventus

  • "Conventus, unlike most carriers has been very proactive in the patient safety area. They have made essential tools available to their insured members that help us to provide better and safer care to our patients every day."

    -Armando Russo, M.D.
    Obstetrics & Gynecology, Vineland, NJ (Cumberland)